HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI
Systems, Inc. (NASDAQ: OSIS), today announced that its Rapiscan RTT®
80 (Real Time Tomography) explosives detection system (EDS) has achieved
U.S. Transportation Security Laboratory certification for airport
checked-baggage screening.
Deepak Chopra, OSI Systems CEO, commented: "We are pleased that RTT 80
has achieved this important regulatory milestone, meeting the rigorous
performance standards required by the Department of Homeland Security."
Mr. Chopra continued: "We believe RTT can deliver benefits to airports
in terms of screening capacity, reliability, security and cost of
ownership and we appreciate TSA's approval of this ground-breaking
technology."
The RTT employs a proprietary, solid-state approach to provide
high-resolution, 3-D imaging. Its unique design allows for high-speed
inspection of hold baggage and air cargo, while also meeting recent
threat detection standards. RTT has also passed the European Civil
Aviation Conference's (ECAC) HBS EDS Standard 3 threat detection
requirement and has been deployed by airports globally.
The company expects to submit its Rapiscan RTT® 110
explosives detection system for TSA certification testing in fiscal
2016. The RTT 110 employs the same underlying technology as the RTT 80,
but offers a larger tunnel size, capable of screening larger items.
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and manufacturer
of specialized electronic systems and components for critical
applications in the homeland security, healthcare, defense and aerospace
industries. It combines more than 30 years of electronics engineering
and manufacturing experience with offices and production facilities in
more than a dozen countries to implement a strategy of expansion into
selective end product markets. For more information on OSI Systems, Inc.
or any of its subsidiary companies, visit www.osi-systems.com.
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This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
relate to the Company's current expectations, beliefs, projections and
similar expressions concerning matters that are not historical facts and
are not guarantees of future performance. Forward-looking statements
involve uncertainties, risks, assumptions and contingencies, many of
which are outside the Company's control that may cause actual results to
differ materially from those described in or implied by any
forward-looking statements. All forward-looking statements are based on
currently available information and speak only as of the date on which
they are made. The Company makes no prediction regarding the outcome of
any upcoming testing by the U.S. Transportation Security Laboratory or
the U.S. Transportation Security Administration (TSA) of the RTT®
110 or plans, if any, by the TSA to procure hold baggage screening
systems such as the RTT, now or in the future. The Company assumes no
obligation to update any forward-looking statement made in this press
release that becomes untrue because of subsequent events, new
information or otherwise, except to the extent it is required to do so
in connection with its ongoing requirements under Federal securities
laws. For a further discussion of these and other factors that could
cause the Company's future results to differ materially from any
forward-looking statements, see the section entitled "Risk Factors" in
the Company's Annual Report on Form 10-K for the year ended June 30,
2014 and other risks described in documents filed by the Company from
time to time with the Securities and Exchange Commission.
OSI Systems Inc.
Ajay Vashishat
Vice President, Business
Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
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